Asset grant file: presentation, release and effect on profit or loss
Deferred income presentation
Equipment grant: deferred income or deduction from the carrying amount · Situation 1 of 2
≈ 60 minWorkpapers
Can you document your analysis and your accounting treatment like a professional? Each mission starts from a real file and ends with a review.
How a mission works
Numbered sections, like a professional working paper: objective, data, pieces, analysis, calculations, entries, conclusion; then a reviewer reviews.
- 1Objective
- 2Data
- 3Documents
- 4Analysis
- 5Calculation
- 6Entries
- 7Judgment
- 8Conclusion
- 9References
L2Intermediate(2)
Intermediate Intermediate Asset grant file: presentation, release and effect on profit or loss
Deduction from the carrying amount
Equipment grant: deferred income or deduction from the carrying amount · Situation 2 of 2
≈ 60 min
L3Advanced(6)
Advanced Income grant matching file: costs compensated, period and presentation
Programme grant
Income grant and asset received free of charge: matching to costs and fair value · Situation 1 of 2
≈ 55 minAdvanced Income grant matching file: costs compensated, period and presentation
Training grant
Income grant and asset received free of charge: matching to costs and fair value · Situation 2 of 2
≈ 55 minAdvanced Asset grant file: presentation, release and effect on profit or loss
Income grant and asset received free of charge: matching to costs and fair value
≈ 60 minAdvanced Grant repayment file
Grant A as deferred income
Grant that became repayable: deferred income, deduction and catch-up depreciation · Situation 1 of 3
≈ 60 minAdvanced Grant repayment file
Grant B deducted from the asset
Grant that became repayable: deferred income, deduction and catch-up depreciation · Situation 2 of 3
≈ 60 minAdvanced Grant repayment file
Training grant
Grant that became repayable: deferred income, deduction and catch-up depreciation · Situation 3 of 3
≈ 60 min
L4Expert(6)
Expert Below-market or forgivable government loan file
Interest-free loan A
Below-market government loan financing a qualifying asset: benefit, IFRS 9 boundary and IAS 23 link · Situation 1 of 2
≈ 65 minExpert Below-market or forgivable government loan file
Loan B with announced forgiveness
Below-market government loan financing a qualifying asset: benefit, IFRS 9 boundary and IAS 23 link · Situation 2 of 2
≈ 65 minExpert Asset grant file: presentation, release and effect on profit or loss
Government grants file: recognition, presentation, repayment and below-market government loan
≈ 60 minExpert Income grant matching file: costs compensated, period and presentation
Government grants file: recognition, presentation, repayment and below-market government loan
≈ 55 minExpert Grant repayment file
Government grants file: recognition, presentation, repayment and below-market government loan
≈ 60 minExpert Below-market or forgivable government loan file
Government grants file: recognition, presentation, repayment and below-market government loan
≈ 65 min